Crop Tour Forecasts Illinois Corn 15% Higher Than 2013 Harvest

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Jesse Newman CORALVILLE, Iowa.--Illinois's corn crop is forecast to vastly outperform last year's harvest, according to an average of survey results collected in the state by scouts on an annual tour through the Midwest. In Illinois, corn yields were ...

Australian Dollar Down After China Data Surprise

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By James Glynn SYDNEY--The Australian dollar fell Thursday after China manufacturing data showed unexpected weakness adding to concerns about its economic strength. The preliminary HSBC China Manufacturing Purchasing Managers Index fell to 50.3 in August compared with a final reading ...

EUROPE MARKETS: European Stocks Shrug Off Mixed PMIs

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- Europe's stock markets showed broad-based gains on Thursday as investors largely ignored a mixed bag of purchasing managers indexes from the region and instead used recent market weakness as a buying opportunity. "Markets ...

European Stocks Flat Ahead of Euro Zone Economic Data

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Tommy Stubbington European stocks were little changed in early trade Thursday as investors weighed some mixed economic data against a rise on Wall Street. The Stoxx Europe 600 index was flat after French business activity data showed a deeper-than-expected ...

Fed Debates Early Rate Hikes--Update

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Jon Hilsenrath And Pedro Nicolaci da Costa Federal Reserve officials debated at their July policy meeting whether they might need to raise interest rates sooner than expected in light of a strengthening recovery, but they were restrained by lingering ...

HSBC China Flash PMI Falls to 3-Month Low in August --Update

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

BEIJING--Factory activity in China weakened in August to a three-month low according to a closely watched manufacturing index, undercutting momentum as the world's second-largest economy struggles to find its feet. The preliminary HSBC China Manufacturing Purchasing Managers Index fell to ...

Oil Eases on Libya Supply, Weak China Data

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Eric Yep Crude-oil futures eased slightly in Asian trade Thursday as markets continue to weigh global supply levels and weak economic data from China. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded ...

HSBC China Flash PMI Falls to 3-Month Low in August --2nd Update

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Mark Magnier SHENZHEN, China--China's economy faces an uphill battle for the rest of 2014, adding pressure on Beijing to step up government spending or free up money to spur growth. The latest sign of sluggishness came Thursday, when preliminary ...

Asian Shares End Mixed; China Lower on Data -- Update

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Chao Deng Asian stocks finished mixed Thursday, with China shares falling after data showed Chinese manufacturing activity down at a three-month low. The Hang Seng closed off by 0.7% to 24,994.10, after HSBC reported that its flash China manufacturing ...

Euro-Zone Business Growth Slows in August

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Jason Douglas LONDON--Business activity in the euro zone expanded sluggishly in August, held back by weakening factory output in its two biggest economies. Financial data firm Markit said its purchasing managers' index for the euro zone, a closely watched ...

Swiss July Exports Gain on Demand for Chemicals, Watches

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Neil MacLucas ZURICH--Rising demand from Europe and Asia for Switzerland's pharmaceuticals and chemicals as well as precision instruments and watches supported export growth in July. Exports in July rose 4.5% year over year in real terms adjusted for inflation ...

HSBC China Flash PMI Falls to 50.3 in August

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

BEIJING--A closely watched gauge of activity in China's manufacturing sector dropped to a three-month low in August, raising concerns about a still-fragile economic recovery. The preliminary HSBC China Manufacturing Purchasing Managers Index fell to 50.3 in August, compared with a ...

European Stocks Flat Ahead of Euro Zone Data

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

European stocks were little changed in early trade Thursday as investors weighed some mixed economic data against a rise on Wall Street. The Stoxx Europe 600 index was flat after French business activity data showed a deeper-than-expected slump during August ...

Correction to UK Retail Sales Story

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

"UK Retail Sales Weaker Than Expected In July," at 0847 GMT misstated in the last paragraph that ONS data released Thursday showed a stronger-than-expected improvement in public finances. And also mistated that economists were expecting a net borrowing of GBP2.8 ...

Swedish Unemployment Rate Drops

TODAY: Aug. 21, 2014 PUB DATE: Aug. 21, 2014

By Charles Duxbury STOCKHOLM--Sweden's unemployment rate fell more than expected in July, data showed Thursday, in a sign that a stuttering economic recovery is gathering pace after a drawn out slowdown. That will be a source of some relief for ...